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Oil prices soared

Wednesday, 12/22/2021 5:55 PM from

dpa-AFX

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Offshore platform (symbolic image). © curraheeshutter / iStock / Getty Images Plus / Getty Images

NEW YORK / LONDON (dpa-AFX) – Oil prices picked up on their previous day’s profits on Wednesday. Most recently, a barrel (159 liters) of North Sea Brent cost US $ 74.51. That was 53 cents more than the day before. The price of a barrel of the American West Texas Intermediate (WTI) rose by 83 cents to $ 71.85 (dollar exchange rate).

In the US, crude oil inventories fell more than expected last week. This supported oil prices somewhat. The price swings were however limited. After all, petrol stocks have risen significantly at the same time. All in all, trade was calm before the holidays.

In principle, oil prices have recovered significantly in the current year from their slump in the first Corona year 2020. Oil prices have recently come under pressure. The reason is the rapid spread of the particularly contagious Corona variant Omikron, which is leading to renewed restrictions in more and more countries, which dampens economic activity and oil consumption. / Jsl / he

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